Industry Update: Pharmaceuticals
VRC is proud to release its latest industry report. The report provides a concise, insightful update on the Pharmaceutical industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
- On February 24, 2023, AstraZeneca announced the successful completion of the acquisition of CinCor Pharma, Inc., a US-based clinical-stage biopharmaceutical company, focused on developing novel treatments for resistant and uncontrolled hypertension as well as chronic kidney disease, for approximately $1.6 billion.
- On December 1, 2022, Eli Lilly and Company announced the successful completion of its $625 million acquisition of Akouos, Inc. The acquisition expands Lilly’s efforts in genetic medicines to include Akouos’s portfolio of potential first-in-class adeno-associated viral gene therapies for the treatment of inner ear conditions.
Past Industry Updates
Pharmaceuticals: November 2022